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Chevron Corp. is buying another 228,000 net acres in the Marcellus Shale from privately held Chief Oil & Gas LLC and Tug Hill Inc. for an undisclosed amount, which when completed would give the oil major an estimated 5 Tcf of additional natural gas resources in the hot shale play.

Natural gas cash point averages across the country ballooned on Monday as a storm that brought multiple feet of snow as well as temperatures in the teens to the Midwest moved toward eastern markets. Most points across the country for Tuesday delivery climbed between a dime and 20 cents, while some spots in the Northeast shot higher by $7 to $11.

It has access to 17 pipelines, multiple and growing Midcontinent gas shale plays, and flexible storage capacity with more to come. Some say Perryville Hub in North Louisiana is the “hub of the future” and will someday overshadow Henry Hub, the South Louisiana home of the New York Mercantile Exchange (Nymex) futures contract.

It has access to 17 pipelines, multiple and growing Midcontinent gas shale plays, and flexible storage capacity with more to come. Some say Perryville Hub in North Louisiana is the “hub of the future” and will someday overshadow Henry Hub, the South Louisiana home of the New York Mercantile Exchange (Nymex) futures contract.

It has access to 17 pipelines, multiple and growing Midcontinent gas shale plays, and flexible storage capacity with more to come. Some say Perryville Hub in North Louisiana is the “hub of the future” and will someday overshadow Henry Hub, the South Louisiana home of the New York Mercantile Exchange (Nymex) futures contract.

Enbridge Inc. is holding a binding open season through Nov. 23 for its proposed LaCrosse Pipeline, which is intended to transport gas from Carthage, TX, to multiple delivery points in southeastern Louisiana. Construction of the 340-mile LaCrosse would occur in two phases. In Phase I Enbridge would construct and place in service the 42- and 36-inch diameter pipeline segments from the Enbridge Carthage Hub to Point Coupee Parish, LA, and a 24-inch diameter segment from Point Coupee Parish to Petrologistics LLC’s Choctaw Storage facility in Iberville Parish, LA. In Phase II Enbridge would construct and place in service the segment from Point Coupee Parish to an interconnection with Southern Natural Gas Co. in Washington Parish, LA. The planned in-service dates would be phased starting January 2012 through March 2013, Enbridge said. “We are in the process of negotiating third-party agreements that will bring total capacity commitments to exceed 1 Bcf/d and have additional indications of interest that could exceed 1.3 Bcf/d,” said Enbridge Energy Co. Inc. President Terrance L. McGill. “We have also secured engineering and environmental firms and survey permission from more than 80% of affected landowners. We are moving forward to initiate regulatory approvals including application to [the] U.S. Federal Energy Regulatory Commission (FERC), and expect to place Phase 1 of the LaCrosse Pipeline in service during the first quarter of 2012.” Information is available at www.lacrosse.enbridgeus.com under “Shipper Documents.”

Enbridge Inc. is holding a binding open season through Nov. 23 for its proposed LaCrosse Pipeline, which is intended to transport gas from Carthage, TX, to multiple delivery points in southeastern Louisiana.

Shell Gas & Power Developments BV Tuesday signed a master agreement with a consortium composed of Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to 15 years, Royal Dutch Shell plc said.

Multiple solutions will be required to meet energy demand and curtail greenhouse gas emissions that will result from population growth and economic expansion, ExxonMobil Corp. said in its “Outlook for Energy: A View to 2030,” the latest iteration of the annual report. Fossil fuels will retain their primacy among energy sources, but nuclear power and renewable energy will take a growing slice of the pie.